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Pitfalls of Makeup Strategies for Mitigating the Effective Lower Bound
- Source :
- The Cato Journal. Spring-Summer, 2020, Vol. 40 Issue 2, p493, 16 p.
- Publication Year :
- 2020
-
Abstract
- During the last U.S. recession in 2007-2009, the Federal Open Market Committee (FOMC) reduced the target federal funds rate by about 5 percentage points, and that target was maintained near [...]
Details
- Language :
- English
- ISSN :
- 02733072
- Volume :
- 40
- Issue :
- 2
- Database :
- Gale General OneFile
- Journal :
- The Cato Journal
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.644278689
- Full Text :
- https://doi.org/10.36009/CJ.40.2.13